Anshu Jain, an investment banker who was born in India and became the co-CEO of Deutsche Bank, died last night after a long battle with cancer, according to his family. He had lived for 59 years.
Jain was most recently the president of Cantor Fitzgerald. He received his MBA from the University of Massachusetts-Amherst and worked for several financial companies, including Merrill Lynch, before moving to Deutsche Bank. From 2012 to 2015, he was co-CEO.
Jain resigned from Deutsche Bank before the end of his contract because the bank was experiencing problems with regulations.
From 2016 through 2017, he served as an advisor for the Fintech business SoFi and as a trustee for the British charity Chance to Shine.
His family said he believed in hard work, meritocracy, respecting one's heritage, and sticking true to his roots. He rejected many attempts to Westernize him in an industry that was often homogenous, giving plain facts, wit and wordplay, and the importance of having a wide bandwidth and being a scholar-athlete.
Were grateful for all the people who cared for Anshu throughout his life. Tenacity, honor, and love are what we remember the most about him, according to the statement.
He was the first non-European to lead the German bank. https://t.co/wvu6DI9DG4
Howard Lutnick, Cantor Fitzgerald's CEO, has also spoken out about Jains' death.
Anshu was a genuine professional who brought a lot of knowledge and expertise to his position as President. All of us and everyone who knew him will miss him greatly, according to Lutnick.